CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war ...

Hilton, Alshaya Group Partner for 70 Hampton by Hilton Hotels

Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, ...

Eight Russian Firms to Operate in Russian Industrial Zone

Eight Russian companies signed on February 20 memorandum of understandings (MoUs) with Andrey Slepnev, director general of the Russian Export Center, in the attendance of Chairman of Egypt's Suez Canal Authority a ...

Egypt Signs World Cup Sponsorship Deal with FIFA

The Egyptian government, represented by the Ministry of Investment and International Cooperation, has signed a sponsorship contract with FIFA to become an Official Regional Supporter of the 2018 FIFA World Cup Rus ...

Egypt, Russia to Sign Deal for USD 7 bn Industrial Zone

Egypt and Russia are set to ink an intergovernmental agreement on Wednesday, May 23, to establish an industrial zone in the East Port Said region, aiming to attract USD 7 bn worth of investments

Russia Resumes Flights to Egypt After Over 2 Years Suspension

Aeroflot announced it will operate three flights a week from Moscow to Cairo, on Saturday, Monday, and Wednesday, and flights from Cairo to Moscow on Sunday, Tuesday, and Thursday

Russia, Egypt Sign Aviation Safety Deal in Aims to Resume Flights

Russia and Egypt have signed a cooperation agreement on civil aviation security in a move to resume regular Russian flights to Cairo

US Firms Mull Opening Pharmaceutical Factory in SCZone

US companies are willing to open a pharmaceutical factory in the Suez Canal Economic Zone (SCZone), Invest-Gate reports.

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